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the top 25 nations that had the highest Figure3: Share % of India’s top exporting destinations in April-June 2019
demand for Indian engineering products
during June 2019 over June 2018 in abso- Korea 3.3%
lute value. The data are given in Table6.
The country-wise engineering export Malaysia 4.1%
figures for June 2019 show the following
facts: USA, 19.2%
• In most of the 25 countries, we wit-
ness uneven growth patterns over last Mexico 4.1%
month’s performance.
• The termination of US GSP on 5 June Bangladesh
4.2%
2019 does not seem to have an over-
ly negative impact on Indian exports,
at least in June 2019. This could be be- U K 4.2%
cause exports had already been contract-
ed out and the margins lost may have UAE, 11.1%
been shared by both the exporters and Nepal 4.5%
importers. We will need to monitor the
trend in the next few months. The US Germany 5.2%
retained its numero uno position, being
the top exporting destination for India’s
engineering products during June 2019 Singapore 7.0%
over June 2018 as well as for April-June
2019 over April-June 2018, registering a Source: EEPC India analysis
positive growth rate.
• Among the ASEAN countries under
the top 25 engineering exports destina- of India’s total engineering exports in • India’s exports to ASEAN+2 recorded
tions, Malaysia once again recorded the April-June 2019, which is marginally highest positive growth during April-
highest growth during April-June 2019 higher than its share in April-June 2018. June 2019 over April-June 2018.
over April-June 2018. Like the previous • India’s engineering exports to its top • India’s exports to North America and
period, barring Indonesia, all the other 25 destinations during April-June 2019 ASEAN+2 ranked second and third in
four countries – Singapore, Malaysia, over April-June 2018 recorded negative global shipments of Indian engineering
Thailand, and Vietnam – recorded pos- growth in line with the negative growth goods in April-June 2019 with a share
itive cumulative growth during April- in India’s total global engineering ex- of 18.6 percent and 16.2 percent of total
June 2019 over April-June 2018. ports during the same period. engineering exports respectively.
• India’s engineering exports to Cyprus Figure3 shows the share percentage • Like before, barring ASEAN+2 and
recorded the highest positive cumulative of India’s top 25 exporting destinations CIS, all the other major regions recorded
growth once again during April-June comprising an export share of 67 per- negative cumulative growth in exports
2019 over April-June 2018. cent of India’s global engineering ex- of engineering products from India
• All the European nations falling under ports during April-June 2019. during April-June 2019 over April-June
the top 25 engineering exports destina- We now look at the regional distribu- 2018.
tions recorded negative growth during tion of engineering exports for April-
April-June 2019 over April-June 2018. June 2019 as opposed to April-June Engineering panels – country-
• India’s engineering exports to China 2018. Table7 gives this picture. wise analysis
continued to recorded positive cumu- We now analyse the performance of
lative growth during April-June 2019 • EU ranked as the region with highest some of the important products during
over April-June 2018, after a prolonged shipment of engineering products from June 2019. We have taken the major pan-
hiatus. India during April-June 2019 over April- els and computed the top importers and
• India’s engineering exports to its top June 2018 with a share of 19.2 percent of sharp declines to get an idea of the cur-
25 nations accounted for 75.7 percent total engineering exports. rent trade pattern. (Tables 7-16)

AUGUST 2019 l INDIAN ENGINEERING EXPORTS l 41